Youth Accounts

FAT CAT® Savings Account (Youth Savings)

At Union Bay Credit Union, we have a strong commitment to helping our youngest members learn the value of saving money at an early age. A FAT CAT® Savings is an account for children aged 12 and younger.

Union Bay Credit Union FAT CAT® Savings Account features include:

  • no monthly service fee
  • daily interest, with interest paid quarterly
  • no service charges
  • statement mailed semi-annually - December and June
  • an annual birthday card with a $10 Community Partnership Gift Certificate to one of our business members

HEADSTART® Account (Student Chequing)

Our HEADSTART® Account is designed to help our young members who are 13 -21** discover how easy it can be to save and manage money. This account earns you interest and comes with minimal service fees. Whether your money comes from an allowance, a paper route, babysitting or a paycheque, the Union Bay Credit Union HEADSTART® account will help you make the most of it, whatever your goals may be.

Union Bay Credit Union HEADSTART® Account features include:

  • no monthly service fee
  • free self serve debits*
  • 4 free in branch withdrawals per month
  • $.85 per in branch withdrawal after the first 4
  • $1.50 per in branch utility bill payment
  • purchase own personalized cheques
  • monthly statement
  • $2 per Interac ATM transaction
  • $3 per Cirrus ATM transaction/US ATM transaction
  • $4 per International ATM transaction

** Student status verification required annually

*Self serve debits:POS, PAD's, Online Banking, cheques and ATM withdrawals at UBCU, Canadian CU and Exchange Network ATM